CONSOL Energy Inc. and CONSOL Coal Resources LP announced that, at a special meeting held on December 29, 2020, the shareholders of CEIX approved the issuance of shares of CEIX's common stock in connection with the previously announced merger of a wholly owned subsidiary of CEIX with and into CCR pursuant to which CCR would survive as an indirect [...]
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CONSOL Energy Inc. in connection with the proposed interested-party transaction, pursuant to which CEIX will acquire all of the minority units of CONSOL Coal Resources LP that it does not already own. Under the terms of the [...]
Today, CONSOL Energy Inc. reported financial and operating results for the period ended September 30, 2020. Third Quarter 2020 Highlights Include: Net Loss and Net Loss Attributable to CONSOL Energy Inc. Shareholders of and million, respectively; Net cash provided by operating activities of $15.7 million; Adjusted EBITDA1 of $68.3 million; Organic [...]
- Enhanced financial transparency for equity market and lending community - Increased market capitalization, public float and trading liquidity - Improved long-term financial position and credit metrics of combined entity - Flexibility to further de-lever the balance sheet - Cost synergies that include elimination of dual public company reporting [...]
CONSOL Energy Inc. and CONSOL Coal Resources LP will each issue its third quarter earnings release before the market opens on Thursday, November 5, 2020. These releases will be followed by a joint conference call hosted by members of the management team at 11:00 a.m. Eastern Time. A live webcast will be accessible on the 'Investor Relations' page [...]
CONSOL Energy Inc. and CONSOL Coal Resources LP today provided an update on several transactions that were executed during the last several months. Since July 1, 2020, CONSOL has taken steps to bolster its financial flexibility and liquidity and create value through multiple transactions that included sales of land and mineral assets, gas wells [...]
CONSOL Energy Inc. reported financial and operating results for the period ended June 30, 2020. Second Quarter 2020 Highlights Include: Net Loss and Net Loss Attributable to CONSOL Energy Inc. Shareholders of and million, respectively; Cash used in operating activities of million; Adjusted EBITDA1 of $34.2 million; Organic free cash flow net to [...]
CONSOL Coal Resources LP reported financial and operating results for the quarter ended June 30, 2020. Second Quarter 2020 Highlights Include: Net loss of million; Adjusted EBITDA1 of $6.0 million; Net leverage ratio1 of 2.9x; Contract buyout revenue of $7.5 million; Operating protocols in place for COVID-19-related response, focused on enhanced [...]
CONSOL Energy Inc. and CONSOL Coal Resources LP will each issue its second quarter earnings release before the market opens on Monday, August 10, 2020. These releases will be followed by a joint conference call hosted by members of the management team at 11:00 a.m. Eastern Time. A live webcast will be accessible on the 'Investor Relations' page of [...]
CONSOL Energy Inc. and CONSOL Coal Resources LP today provided an update on their second quarter 2020 operational performance and cash management efforts as well as their ongoing response to the COVID-19 pandemic. CEIX implemented several operating protocols at its mine sites to reduce the risk of spread of COVID-19, including increased sanitation [...]
CONSOL Energy Inc. reported financial and operating results for the period ended March 31, 2020. First Quarter 2020 Highlights Include: GAAP net income and cash provided by operating activities of $2.5 million and $51.4 million, respectively; Total dilutive earnings per share of $0.09; Adjusted EBITDA1 of $62.9 million; Organic free cash flow net [...]
CONSOL Coal Resources LP reported financial and operating results for the quarter ended March 31, 2020. First Quarter 2020 Highlights Include: Net income of $0.2 million; Adjusted EBITDA1 of $14.4 million; Net leverage ratio1 of 2.2x; Raised $4.1 million through an equipment finance lease transaction; and Temporary suspension of the cash [...]
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